How MANTLE are optimising their finances during global expansion

High demand and supply chain challenges affecting stock levels and blocked cards

Before using Juni, fast-growing MANTLE needed a financial partner to support their expansion. Manufacturing high-quality skincare products takes time, requiring large orders to meet demand.

“Skincare products often have high MOQs and long production times. On top of that, we sometimes have to pay for packaging before we even receive the delivery,” says Josefin Landgård, CEO and co-founder of MANTLE.

“Typically, 30% of an order needs to be paid in advance, and production can take 6-7 months. This means stock turnover can take 6-12 months, which was a strain on our cash flow.”

“We wanted to increase production while expanding into new markets, so we needed a financial partner that understood our needs and could support us on that journey. We were looking for a complete financial solution,” says Josefin.

MANTLE, like many modern companies, relies heavily on digital marketing but often ran into issues with blocked cards during campaigns.

“Traditional cards have spending limits that aren’t suited for marketing. That meant we kept hitting the card limits, and at the start of our journey, it was really frustrating not having cards that worked. We constantly hit the spending caps,” says Josefin

Flexible financing for better cash flow and uninterrupted campaigns

With Juni’s invoice credit, MANTLE secured extended payment terms with suppliers, improving their cash flow. They also use Juni’s virtual business cards for marketing campaigns.

“Juni’s invoice credit is fantastic for us. Our goal is to increase stock levels of our bestsellers by 50%, so having extended repayment terms is crucial for maintaining a positive cash flow,” says Josefin.

“Juni is really built for modern businesses like ours. Now, it’s super easy to use virtual business cards for our campaigns and set the right spending limits. We no longer have to worry about our cards being blocked and campaigns getting interrupted,” says Josefin.

Modern business banking for global growth and automated accounting

MANTLE is now expanding globally, focusing on Germany, UK, and the US. Managing both financial and operational complexity is crucial for brands navigating logistics, marketing, currency exchange, and banking.

With Juni, MANTLE has multi-currency business accounts with low FX fees, including GBP, EUR, USD, SEK, and NOK.

“As part of our global expansion, Juni is a fantastic partner. We have business accounts in the currencies we use the most and a clear overview of our finances,” says Josefin.

MANTLE manages its accounting with Fortnox and uses Juni’s integration to automate the process.

“We use Juni’s Fortnox integration to automate our accounting and save time on admin work. All transactions and expenses are continuously recorded in the system. With Juni, we’ve truly found a comprehensive financial solution,” says Josefin.

About MANTLE

United by a vision of high-quality, innovative skincare and a shared frustration with the beauty industry’s narrow, judgmental ideals, Josefin Landgård and Stina Lönnkvist founded MANTLE. MANTLE develops cutting-edge skincare that strengthens the skin barrier, combats inflammation, and improves long-term skin health. All products are developed and tested in MANTLE’s Swedish lab and manufactured in Europe.

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About Juni

Modern banking. Real-time control. Juni provides business banking, spend management, accounting and financing, on one powerful platform and app.

We minimise complexity so you can maximise growth. Gain complete control over business finances, put an end to manual processes, and even lower your running costs - all in one place.